Introduction: Nexo, the renowned digital assets company, has recently achieved a significant milestone by obtaining the ISO 27017 and ISO 27018 certifications, marking a momentous step in their commitment to cloud security and privacy.
Enhancing Cloud Security:
Nexo has built upon its existing ISO 27001 compliance, further strengthening its security and privacy protocols specifically for cloud computing environments. The addition of ISO 27017 certification expands upon the information security controls provided by ISO 27001, tailoring them to the cloud context.
Commitment to Privacy:
Achieving the ISO 27018 certification, Nexo has set out clear privacy guidelines for the management of personally identifiable information stored within cloud services. This reflects their deep commitment to protecting user data and ensuring privacy.
Leadership in Digital Finance Security:
According to Milan Velev, Nexo’s chief security officer, the integration of these ISO standards for information security and privacy is a testament to Nexo’s leadership in setting new benchmarks within the realm of digital finance. Nexo prides itself on leading by example, with a keen focus on the security and privacy of their client’s data in every operational aspect.
Independent Audit and Recognition:
The prestigious certifications were awarded by the global certification body RINA, following an independent audit that confirmed Nexo’s adherence to stringent security protocols and their transparent practices in the digital asset industry.
Ongoing Security Endeavors:
Nexo’s commitment to robust security does not stop at certification. They are continuously aiming to set industry standards, as evidenced by their compliance with SOC 2 Type 2 requirements and holding a CSA STAR Level 1 Certification for financial services firms.
Legal Battles and Market Impact:
In light of recent events, Nexo is actively seeking $3 billion in damages from Bulgaria, following an investigation which they argue has affected their U.S. stock market listing plans and a potential soccer sponsorship deal. The legal action taken by Nexo AG indicates the significant impact such investigations can have on a company’s reputation and shareholder value.
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